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Apple surpasses quarterly expectations

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Apple reported top- and bottom-line results in its fiscal first quarter that topped analysts' expectations.

Earnings per share were $2.84, above estimates of $2.67. Revenue was $143.8 billion, ahead of projections of $138.5 billion.

The company reported iPhone revenue at $85.3 billion. Analysts were looking for $78.7 billion in iPhone sales.

Read more from CNBC.

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